Critical Illness for Realtor.com
| Basic Life | Dependent Life | AD&D (Accidental Death & Dismemberment) | Short-Term Disability (Salary Continuance) | Long-Term Disability |
| 1 x annual basic + 2 year average commission earnings | Spouse: $10,000 Each child: $5,000 | 1 x annual basic earnings + 2 year average commission earnings | 100% or 66.7% of basic earnings for up to 26 weeks (based on service) | 66.7% of basic earnings, to a maximum of $10,000 per month |
This optional coverage provides financial protection to help you adjust to lifestyle changes in the event of a critical illness or injury. Covered conditions must meet specific criteria and include cancer, blindness, deafness, paralysis, Alzheimer’s disease, multiple sclerosis, heart attack, stroke and many others.
You may purchase this coverage for you and your spouse in units of $25,000, up to a maximum of $200,000 each. You may also purchase coverage for your dependent children in units of $2,500, up to a maximum of four units or $10,000 per child. Premium rates for Critical Illness insurance are shown on the Sun Life enrolment tool.
If you choose coverage of more than $25,000 for the first time or elect to increase existing coverage for yourself or your spouse, you must provide proof of health by completing a Health Statement form.
More About Critical Illness Insurance
Critical illness insurance is in compliance with Canadian Life and Health Industry Association guidelines as follows:
- Twenty five covered Covered conditions include: dementia, aplastic anemia, bacterial meningitis, heart valve replacement or repair and others. For a complete list of covered conditions go to www.mysunlife.ca and sign in. Then, under my health and well-being, click Enrollment. From the Welcome to Group Benefits Enrollment page, click on the Critical Illness link.
- Expanded or updated definitions. For example, the definition of life-threatening cancers will list specific types of cancers/ tumors which are covered as well as those which are not
Note, the pre-existing condition clause will apply for all 25 conditions.
This optional coverage provides financial protection to help you adjust to lifestyle changes in the event of a critical illness or injury. Covered conditions must meet specific criteria and include cancer, blindness, deafness, paralysis, Alzheimer’s disease, multiple sclerosis, heart attack, stroke and many others.
You may purchase this coverage for you and your spouse in units of $25,000, up to a maximum of $200,000 each. You may also purchase coverage for your dependent children in units of $2,500, up to a maximum of four units or $10,000 per child. Premium rates for Critical Illness insurance are shown on the Sun Life enrolment tool.
If you choose coverage of more than $25,000 for the first time or elect to increase existing coverage for yourself or your spouse, you must provide proof of health by completing a Health Statement form.
More About Critical Illness Insurance
Critical illness insurance is in compliance with Canadian Life and Health Industry Association guidelines as follows:
- Twenty five covered Covered conditions include: dementia, aplastic anemia, bacterial meningitis, heart valve replacement or repair and others. For a complete list of covered conditions go to www.mysunlife.ca and sign in. Then, under my health and well-being, click Enrollment. From the Welcome to Group Benefits Enrollment page, click on the Critical Illness link.
- Expanded or updated definitions. For example, the definition of life-threatening cancers will list specific types of cancers/ tumors which are covered as well as those which are not
Note, the pre-existing condition clause will apply for all 25 conditions.